Reddit stock soars after Q3 revenue, daily active users beat Wall Street estimates
Reddit (RDDT) stock surged more than 13% Friday after the social media platform reported third quarter revenue ahead of Wall Street's forecasts and said that its user growth slowed less than analysts expected. The social media platform said on Thursday that its revenue for the three months ending Sept. 30 came in at 549 million expected by Wall Street analysts tracked by Bloomberg. That marked a 68% increase from the year-ago period. Reddit's daily active users (DAUs) rose 19% ...